This activity is used to print a report of comparison between the inventory cost of a part and its comparator values. The report header consists of the general data (Company name, Report name, etc.) and also it includes the report conditions (Site, Year, Period, etc.). The report body contains all the details of the part, its quantities, subtotals for the values of the selected control types, the total comparator type value and the total value difference. You will be able to adjust the financial reports using these differences. For e.g. If you find a difference between the inventory value and the Net Realizable Value (NRV), you can adjust the general ledger to meet the International Financial Reporting Standards (IFRS) accordingly.
You have the option of printing the reports only for parts which have lower comparison values than the inventory values, and also to print reports with detailed lines along with the parts.
It is necessary to update the inventory part statistics in order to get inventory cost values for a particular statistic period. This can be performed as a background job.
As a result of this activity, the system will print a report which includes inventory value comparisons.